Insly, a low-code software provider for the insurance industry, has recently joined the Underwriting Agencies Council (UAC), marking a significant boost to its presence in the Australian market. Founded in 2013 by Risto Rossar, Insly specializes in digitizing and automating mid and back-office operations for underwriting agencies (UAs) and insurers. The company’s primary objective is to enhance the efficiency of
California has long been recognized for its stringent stance on noncompete agreements within the employment sector, and recent legislative changes have only heightened this position. On January 1, 2024, California introduced a new statute rendering noncompetes unlawful regardless of where and when the contract was signed. This sweeping reform has triggered confusion among employers nationwide and fueled a surge in
In an exciting development for the insurance industry, Earnix, a global provider of intelligent decision-making SaaS solutions for financial services, has officially become a Supplier Member of the Managing General Agents’ Association (MGAA). This alliance comes at a crucial time when the insurance market is undergoing significant changes and there’s a growing need for innovative solutions to meet these evolving
In today’s digital age, social media has become an integral part of our daily lives. While it offers numerous benefits, it also presents new challenges, particularly in the workplace. The boundaries between personal and professional lives are increasingly blurred, raising questions about the impact of employees’ social media use on the work environment. A recent legal case sheds light on
In today’s digital age, businesses and individuals increasingly rely on digital platforms for daily operations. This dependency, however, introduces substantial vulnerabilities, primarily cyberattacks. Cyber risk insurance platforms have emerged as a preventive measure against such digital threats, offering significant protection and ensuring business continuity post-cyber events. Understanding Cyber Risk Insurance What is Cyber Risk Insurance? Cyber risk insurance, also known
In an era where flexibility and affordability are paramount in selecting medical insurance plans, pay-as-you-go health plans have emerged as a significant alternative to traditional insurance models. These plans grant individuals and families greater control over their healthcare expenditures while providing a cost-effective solution tailored to those who infrequently require medical services. By offering the freedom to pay only for
In a landmark decision in November 2024, the National Labor Relations Board (NLRB) overturned a 76-year precedent, ruling that “captive-audience” meetings are inherently unlawful under the National Labor Relations Act (NLRA). Captive-audience meetings refer to mandatory sessions held during paid working hours where employers communicate their views on unionization to their employees. Historically, these meetings have been permissible under a
In a strategic effort to streamline and enhance insurance access for homeowners and landlords, UK-based insurtech company Uinsure has announced a significant partnership with Suffolk Building Society. This collaboration is set to provide Suffolk Building Society’s customers with seamless access to Uinsure’s range of insurance solutions through both branch and online channels. Headquartered in Manchester and led by CEO Simon
In a significant move aimed at transforming the travel insurance landscape, Blink Parametric has launched its flight disruption assistance solution, ‘FlyEasy,’ through Zurich Indonesia’s direct channel on the Zurich Edge platform. This innovative proposition employs parametric technology to activate coverage benefits instantly upon confirmation of a flight delay, offering unmatched convenience for travelers faced with unexpected schedule changes. Seamless Implementation
Imagine being a dedicated professional who continuously seeks to enhance their skills and knowledge through employer-provided educational programs, only to find that the reimbursement received for such dedication could potentially be subject to wage garnishment. This scenario raises a significant question: Can tuition reimbursement be included in wage garnishments? The U.S. Department of Labor’s stance on this matter sheds light
The recent ruling by the U.S. 5th Circuit Court of Appeals on whether an HR investigation into alleged racial discrimination can be admitted as evidence has posed a significant and thought-provoking challenge to many HR professionals and businesses. The case centers around Sharnez Hager’s claims of racial discrimination at a Chili’s restaurant in Texas, and importantly, it has underscored the
The recent judgment by the U.S. District Court for the Eastern District of Texas has invalidated the U.S. Department of Labor’s (DOL) new rule mandating significant salary increases for exempt employees under the Fair Labor Standards Act (FLSA). Delivered on November 15, 2024, this ruling holds substantial implications for employers nationwide. The decision maintains the salary threshold at $35,568 per
